TotalCommercial.com
Improved Property

Historic owner user or investment opportunity

128 E. Magnolia Avenue, Eustis, Florida 32726

Sold: $1,200,000
$75.85 / SF
Updated Sep 30, 2026
Categories Office Retail Miscellaneous

About this property

PRICE DRASTICALLY REDUCED!!! ABSOLUTELY MUST SELL! GREAT OPPORTUNITY!! MOTIVATED OWNERS!! Discover an exceptional investment or owner-user opportunity in the heart of historic Downtown Eustis. This beautifully maintained building exudes classic architectural charm while offering a range of modern upgrades, making it both visually appealing and functionally ready. Improvements include a new roof within the past five years, several new A/C units, updated windows, electrical upgrades, and updated plumbing. The spacious ground floor features nearly 8,000 square feet of open-concept showroom or retail space, complete with a private office and storage area, two ADA-compliant restrooms, and even a basement storage area. A second storefront entrance on the main level provides flexibility—perfect for use alongside the primary space or as a separate rental for additional income. Upstairs, you'll find approximately 3,000 square feet of fully renovated office space, including multiple offices, restrooms, and a breakroom, ideal for leasing or expanding business operations. Adding to the value, the building includes six income-producing, separately metered residential apartments— 5 one-bedroom/one-bath units and 1 two-bedroom/one-bath unit. Tenants enjoy the convenience of a shared laundry facility, while the property benefits from modern amenities such as a wired security system with surveillance cameras, keyless hall entry, and remote-controlled HVAC thermostats. Parking is a breeze with ample street parking out front and a city-maintained lot directly beside the building. Located in a vibrant downtown district undergoing ongoing revitalization, this property is surrounded by flourishing retail, dining, and office establishments. With its brick-lined streets, nearby parks, and stunning views of Lake Eustis and Ferran Park, downtown Eustis—fondly known as "America’s Hometown"—offers both charm and investment potential in one outstanding package.

Property details

Property Type
Improved property
Building Type
Freestanding
Building Size
15,820 sqft
Land Size
16,000 sqft
Sewer
city
Water
city
Zoning
mixed use
Electric
city
Year Built
1927
Parking
public

Location

Address
128 E. Magnolia Avenue
Eustis, Florida 32726
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.